Back in the early stages of the nationwide and Sacramento real estate market correction (or, depending on your point of view: "downturn", "collapse", or "debacle"), a few of the folks who read the bubble blogs chided me for being too bullish on the market. At the time I argued with some success that I wasn't being bullish, I just wasn't joining them in the bubble-bear's picnic (much as I enjoyed the song of a similar name).
What I did at the time, and what I still do, is publish the numbers. When the numbers drop, I said they dropped (whereas a real dedicated bull would say they "adjusted").
Nevertheless, I suppose in some sense I always tried to overcome my innate pessimism by retaining a certain optimism about the state of the industry that does, after all, feed me.
I must admit however that in the last couple of days I was pretty shaken by two things, one in the press and the other in my practice, with the one in the press shaking me a bit more.
Comments(5)